March 13, 2023/US SEC The Securities and Exchange Commission charged Pittsburgh, Pennsylvania-based Evoqua Water Technologies Corp. and its former division-level finance director Imran Parekh for improper accounting practices that materially misstated Evoqua’s revenue reported in the company’s SEC filings during 2017 and 2018. Evoqua and Parekh have agreed to settle […]
Frauds & Scandals
Risky Bet on Crypto and a Run on Deposits Tank Signature Bank
Regulators said keeping open the 24-year-old institution, which held deposits from law firms and real estate companies, could threaten the financial system’s stability. March 12, 2023/New York Times By Matthew Goldstein and Emily Flitter Signature Bank, a New York financial institution with a big real estate lending business that had […]
AfDB debars Ogon-Asu Company Limited and Mr. William Tuku Ogon for 15 months for fraudulent and obstructive practices
An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Ogon-Asu Company Ltd. engaged in fraudulent practices March 10, 2023/AfDB The African Development Bank Group on 9 March 2023, announces a 15-month debarment of Ogon-Asu Company Ltd. and its Chief Executive Officer, Mr. William Tuku Ogon, with […]
